In an exclusive interview with “Sky News Arabia”, Ambassador Nabila Makram confirmed that the optional insurance policy for Egyptians abroad came to meet the needs of Egyptians abroad.
The Minister of State for Immigration explained that the insurance policy works to cover the shipment of the bodies of the deceased Egyptians abroad in cases of death, whether natural or accidents, while disbursing the necessary compensation to the families of the deceased.
The minister indicated that the document, which is the first of its kind, is an optional document and will be issued with work permits.
She stated that the document came after the signing of a cooperation protocol between the Financial Supervisory Authority and the Egyptian Federation of Migration Insurance, in addition to the Ministry of Interior, and aims to extend the insurance umbrella for them in line with the state’s strategy to achieve insurance coverage.
In her interview with “Sky News Arabia”, she confirmed that the document will be finally issued on January 1, 2022, after being approved by the Financial Supervision and approval by the Egyptian Association for Travel Insurance abroad.
Meetings continue, and the Egyptian Minister, Nabila Makram, spoke to finalize this document and announce it officially during a press conference.
The Egyptian Association for Travel Insurance was formed earlier this year, and it includes insurance companies that are scheduled to issue an optional insurance policy for Egyptians working and residing abroad.
The Ministry of Immigration had signed a memorandum of understanding with the Financial Supervisory Authority and the Egyptian Insurance Federation, during a forum held in Sharm El-Sheikh recently, with the aim of cooperating in the field of providing insurance protection for Egyptians working and residing abroad, especially in the Gulf countries, by issuing an optional insurance policy that provides insurance coverage in Cases of death by accident, the transfer of bodies, and the payment of appropriate compensation.
It is noteworthy that Minister Nabila Makram, in a statement issued earlier, confirmed that the personal accident document will be made available to Egyptians working abroad, which was approved by the Financial Supervisory Authority, to be implemented, to cover Egyptians working abroad who hold work permits, in cases of death. For the return of the body, within the limits of a security deposit of 100,000 pounds.
She said that an account will be opened in the Central Bank from which compensation will be paid to the beneficiaries of the document, whether in cases of transferring the body or insurance against personal accidents.